[ccpw id="5"]


HomeBusinessBad news from China to the world economy

Bad news from China to the world economy


Both the manufacturing and services sectors contracted in December, according to the Purchasing Managers Index (PMI) data prepared by China’s National Bureau of Statistics.

Manufacturing sector PMI decreased to 47.0 points in December from 48.0 points in November due to the pressure of COVID cases on production lines. Economists had expected the manufacturing PMI to remain at 48.0.

The service sector PMI also decreased from 46.7 points in November to 41.6 points in December due to the increase in COVID cases.

Composite PMI fell to 42.6 in December from 47.1 in November.



Please enter your comment!
Please enter your name here


NFT Token News: Watch Out For These Altcoin Developments!

Critical news has been announced for the closely watched NFT token market. These altcoin developments may be of interest to investors!

Future Forecast for Bitcoin from Binance CEO!

Changpeng Zhao, CEO of the giant cryptocurrency exchange Binance, made a future prediction about the leading cryptocurrency Bitcoin! Here are the details...

These 5 Altcoins Are Earnings of the Week! Here are the Expectations

These 5 altcoin projects marked the week! Altcoin projects, which attract attention with their rises, were examined by experts! Here are the details

Dogecoin Community Disproves a Claim Made

The Dogecoin (DOGE) community has debunked the allegation that there is a "security vulnerability in Dogecoin that could put billions of dollars at risk."

Follow us


Most Popular